People are constantly setting new fitness goals to improve their health. If you’re considering purchasing a Peloton bike for at-home workouts instead of joining a local gym, you may be wondering if it will save you money in the long run. The decision will depend on various factors, but cost is a significant consideration. To help you decide, we’ve compared the costs of a Peloton bike to gym memberships. Keep in mind that prices may vary depending on your location and specific gym options.
During the pandemic, the Peloton bike gained popularity as a convenient fitness option. The bike features a screen for interactive classes, offering a variety of workouts beyond cycling. Whether you choose the original Peloton Bike or the more expensive Bike Plus, it’s an investment. You can purchase new, refurbished, or rental bikes, with additional accessories available for purchase. To access classes, you’ll need an All-Access membership, costing $44 per month. The total cost for the first year of ownership ranges from $2,098 for the basic Peloton Bike to $3,148 for the Peloton Bike Plus, excluding additional expenses like cycling shoes.
If you prefer a gym membership, prices vary widely depending on the facility and location. Most gyms charge a monthly fee, initiation fee, and annual fee. Some gyms require a yearly contract, while others offer month-to-month payment options. The total cost for a gym membership in the first year can be at least $200, with potential additional fees. Keep in mind that prices and fees may change over time.
Ultimately, the decision between a Peloton bike and a gym membership depends on your preferences, routine, and budget. Consider all factors before making your choice.